Ian Reynolds
Suberia Capital
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Overnight
Indicators Released Overnight
Factory orders dropped but JOLTS was a big surprise. Construction opening are really down
Construction Job Openings: St Louis FED
Breaking
China Targets Google and US Brands as Trade War Escalates [Bloomberg]
Back in Trump land he's currently in a press conference with Benjamin Netanyahu. Here's the first headline from Bloomberg
Trump Says US Could Take Over Gaza, Send Refugees Elsewhere [Bloomberg]
David Sacks, Trump's AI and Digital Assets chap hosted a much anticipated press conference but it was a real disappointment. A working group is going to look into a Bitcoin reserve was all we got. He was more forthright about Stablecoins
Foreign Exchange
Offshore Yuan strengthens even as tariffs come into force.
USD / Offshore Yuan Daily
USD / Offshore Yuan Daily
Bitcoin
Bitcoin continues to range trade
BTC / USD Daily
Precious Metals
Gold and Silver on a roll. Zooming out to the monthly, Gold looks extended and maybe that Gold / Silver ratio will come in as Silver catches up. Or Gold breaks out and Silver extends to the top of the channel. Continuing uncertainty seems to favour PMs.
Gold / USD Monthly
Silver Monthly
Bonds
Japanese yields continue to climb but 10 year rate is way below CPI so a lot of correction still to do.
Japan 10 Year Government Bond Yield Daily
Economic Indicators Today
